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Ace's Mark McCausland: Solvency II is no chore
19 December 2012If boards are only focused on meeting the regulatory aspects of Solvency II they are missing a key point, says Mark McCausland, chief risk officer for Ace European Group, and calling the directive a chore should be resisted. He talks to InsuranceERM about this and other challenges of the CRO role
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Sandy to cost Lloyd's up to $2.5bn
19 December 2012Catlin expects a $200m hit
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IUA sets sights on PRA and FCA cooperation for 2013
19 December 2012Regulatory burden should be reasonable, cost-effective and fair, says IUA
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Conning launches v6.0 of ERM software
18 December 2012Adds FIRM portfolio analysis tool
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Capital requirements for G-SIIs should be "last resort"
18 December 2012Insurance Europe and IIF respond to consultation on systemically risky insurers
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PIC reinsures £400m longevity risk with Munich Re
17 December 2012Takes PIC's deals to £1bn this year
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Survey confirms Solvency II cut back
17 December 2012Most UK insurers believe it will be implemented in 2016
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French want Solvency II pillar 2 and 3 early
17 December 2012"No harm" in implementing SII in phases, says ACP
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Predictive modelling needs man and machine to co-exist
21 August 2012Predictive models used by insurers to manage risk and capital and support pricing could become automated, commodity items. But human judgement and overall method will remain the keys to refining models in the future, according to Duncan Anderson
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Typhoon Haiku causes $230m insured losses
21 August 2012"Urgent need" for more natural catastrophe coverage in China